Anyone Else Think South Korea Is Over-Compensating for Something with Its $250+ Billion City? (PHOTOS)

South Korea (a.k.a. the good Korea) has seen what Dubai did with its extravagant Palm Islands and it plans to raise the stakes. A new project, set to be completed by 2030 and conditional on funding, will see the construction of a futuristic city called 8City on the islands of Yongyu-Muui in the port of Incheon in South Korea. The project will cost a reported US$274 billion and the goal is to attract tourists from all over the world.

The photo renderings of what the city will look like are absolutely ridiculous. It looks like something out of Star Wars. Take a gander:

Photo credit: 8City

Photo credit: 8City

The planned city will include luxury hotels, casinos, theme parks, shopping malls, a concert hall, indoor skiing and even Formula One racetrack.

It will also include a unique, domed “megastrip” measuring in at 200 meters high and 880 meters in length, making it the world’s largest architectural unit–and also the craziest.

Photo credit: 8City

Wait a second. We’re all seeing the same thing in that last photo, right?

There’s no doubt about it whatsoever. Whoever drafted this plan has to be over-compensating for something. There’s simply no other conceivable way that one could draw up plans for a $250+ billion city with a shiny, giant dong smack-dab in the middle of it.